The last time Google dipped a toe into real estate search, it walked away. Now, it’s going all in. The search giant announced it was expanding its real estate listings pilot to all 50 states this summer, powered by a partnership with data firm HouseCanary. As more brokerages and MLSs sign on to the initiative…
In a supplemental post-hearing brief filed by defendants Midwest Real Estate Data (MRED) and Compass, the defendants argue that Zillow is not entitled to relief because “any harm, if it exists at all, is self-inflicted.” “If Zillow wants MRED’s feed, the ‘lifeblood’ of its business that it receives virtually for free, all Zillow has to…
Editor’s note: The COURT REPORT is RISMedia’s weekly look at current and upcoming lawsuits, investigations and other legal developments around real estate. Judge denies FTC in Zillow-Redfin suit A federal judge denied the Federal Trade Commission’s (FTC) and states’ motion for partial summary judgment, sending disputes over market definition and the deal’s alleged illegality to…
Mega-franchisor Keller Williams announced today that it has acquired ascendant independent brokerage the Jason Mitchell Group (JMG), in yet another significant brokerage consolidation—this time between two companies with similar business models and priorities. After operating under My Home Group in Arizona, JMG went independent in 2019 and grew swiftly, ranking 36 in the nation in…
The bipartisan 21st Century ROAD to Housing Act passed into law at 12:01 a.m. ET July 11, marking one of the most significant federal housing packages in decades. As he vowed on July 10, President Donald Trump did not sign off on the bill, withholding his signature in protest over the Senate’s failure to pass…
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As Google pushes deeper into real estate, HouseCanary has made itself the pipeline funneling MLS listings to the top of the world’s largest search engine. During the latest RISMedia Industry Briefing, RISMedia Founder and CEO John Featherston sat down with HouseCanary CEO Chris Rediger to break down the company’s partnership with Google and what it…
A federal judge has denied a joint bid by the Federal Trade Commission (FTC) and a coalition of states to win early rulings on core questions in their antitrust case against Zillow and Redfin—leaving disputes over how the market is defined and whether the companies’ $100 million deal is illegal to be resolved at trial.…
Bright MLS, covering a huge swath of territory across the Mid-Atlantic coast region, is currently the largest multiple listing service in the country. Being the largest often means that the decisions it makes will set the bar for smaller players—particularly in a time of rapid change and uncertainty. This week, Bright announced significant updates to…
Jim Pitts Qualifying Broker | CEO Berkshire Hathaway HomeServices New Mexico Properties, Santa Fe Real Estate, Taos Real Estate, Angel Fire Real Estate Albuquerque, New Mexico https://www.bhhsnmproperties.com Region served: The state of New Mexico Years in real estate: 37 Number of offices: 7 Number of agents: 260 Favorite part of your job: Working and interacting…
From razor-thin margins to part-time agents, there is good reason for the consolidation currently underway in residential real estate. The question is, will the players left standing be the right ones? As private-equity and Wall Street money extend their tendrils further into the real estate landscape, concerns regarding their intention, integrity and capability to properly…
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